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REGISTERED NUMBER: 10796319 (England and Wales)















Financial Statements for the Year Ended 31st December 2023

for

The New Amsterdam Group (UK) Limited

The New Amsterdam Group (UK) Limited (Registered number: 10796319)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The New Amsterdam Group (UK) Limited

Company Information
for the Year Ended 31st December 2023







DIRECTORS: J E M de van der Schueren
R J Barnett





REGISTERED OFFICE: 29a Crown Street
Brentwood
Essex
CM14 4BA





REGISTERED NUMBER: 10796319 (England and Wales)





AUDITORS: Moulton Johnson Limited
Chartered Accountants & Statutory Auditors
29a Crown Street
Brentwood
Essex
CM14 4BA

The New Amsterdam Group (UK) Limited (Registered number: 10796319)

Balance Sheet
31st December 2023

31.12.23 31.12.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 7,820 7,956

CURRENT ASSETS
Debtors 5 885,224 198,810
Cash at bank 48,789 38,430
934,013 237,240
CREDITORS
Amounts falling due within one year 6 258,254 17,098
NET CURRENT ASSETS 675,759 220,142
TOTAL ASSETS LESS CURRENT
LIABILITIES

683,579

228,098

CREDITORS
Amounts falling due after more than one
year

7

151,091

-
NET ASSETS 532,488 228,098

CAPITAL AND RESERVES
Called up share capital 1 1
Capital contribution reserve 389,957 389,957
Retained earnings 142,530 (161,860 )
532,488 228,098

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th March 2024 and were signed on its behalf by:





R J Barnett - Director


The New Amsterdam Group (UK) Limited (Registered number: 10796319)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

The New Amsterdam Group (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared in accordance to with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared using the going concern concept. In the opinion of the directors, preparing the financial statements on this basis is appropriate as the parent company intends to continue to provide financial support to the company.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

The New Amsterdam Group (UK) Limited (Registered number: 10796319)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1st January 2023 11,487
Additions 2,700
At 31st December 2023 14,187
DEPRECIATION
At 1st January 2023 3,531
Charge for year 2,836
At 31st December 2023 6,367
NET BOOK VALUE
At 31st December 2023 7,820
At 31st December 2022 7,956

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Amounts owed by group undertakings 845,813 177,621
Other debtors 21,828 20,400
Deferred tax asset 16,569 -
Prepayments 1,014 789
885,224 198,810

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Tax 65,030 -
Social security and other taxes 23,049 14,193
Other creditors 1,180 770
Accrued expenses 168,995 2,135
258,254 17,098

The New Amsterdam Group (UK) Limited (Registered number: 10796319)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£ £
Accruals and deferred income 151,091 -

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£ £
Within one year 40,691 45,635

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ian Sutton ACA FCCA (Senior Statutory Auditor)
for and on behalf of Moulton Johnson Limited

10. RELATED PARTY DISCLOSURES

The New Amsterdam Group BV
During the year, the company provided The New Amsterdam Group BV, the parent company based in the Netherlands, with an interest free loan amounting to £845,813 (2022: £177,621).

The company acts as a placement agent together with The New Amsterdam Group BV on client contracts. The parent company contracts with the clients and profit is subsequently reallocated on a fair and equitable basis to reflect the input and associated costs of both parties. The profit split allocation during the year from The New Amsterdam Group BV amounted to £1,442,962 (2022: £657,017).

11. ULTIMATE PARENT COMPANY

The ultimate parent company is The New Amsterdam Group BV incorporated in the Netherlands. Its registered address is Gustav Mahlerplein 2, 1082 MA Amsterdam.